Difference between revisions of "Time value of money"

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(Created page with "Absolute is when one nation can produce a product at lower cost relative to another nation. ==Definitions== According to Principles of Economics by Timothy Taylor...")
 
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[[Absolute ]] is when one nation can produce a [[product]] at lower cost relative to another nation.
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[[Time value of money]] is the cost of having to wait for repayment.
  
 
==Definitions==
 
==Definitions==
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
[[Time value of money]]. The cost of having to wait for repayment.
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:[[Time value of money]]. The cost of having to wait for repayment.
  
 
[[Category: Economics]][[Category: Articles]]
 
[[Category: Economics]][[Category: Articles]]

Revision as of 11:27, 1 June 2020

Time value of money is the cost of having to wait for repayment.

Definitions

According to Principles of Economics by Timothy Taylor (3rd edition),

Time value of money. The cost of having to wait for repayment.